News
Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
FREIGHT MANAGEMENT HOLDINGS BHD. ("FREIGHT" OR "THE COMPANY") PROPOSED ACQUISITION OF TWO PARCELS OF CONTIGUOUS FREEHOLD VACANT INDUSTRIAL LAND MEASURING APPROXIMATELY 405,979.2 SQUARE FEET LOCATED IN MUKIM KAPAR, DEARAH KLANG, SELANGOR BY FM GLOBAL LOGISTICS (M) SDN. BHD. ("FMGLM"), A WHOLLY-OWNED SUBSIDIARY OF FREIGHT, FOR A TOTAL CASH CONSIDERATION OF RM56.837 MILLION (COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITIONS") |
Pursuant to Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that FMGLM, a wholly-owned subsidiary of the Company has on 2 August 2021 entered into a Sale and Purchase Agreement with Cebur Megah Development Sdn. Bhd. for the acquisition of two (2) parcels of contiguous freehold vacant industrial land held under HS(D) No. 165750, No. PT 84558 and HS(D) No. 165749. No. PT 84557, both in Mukim Kapar, Daerah Klang, Selangor, measuring approximately 4.67 acre (or 203,425.2 square feet) and 4.65 acre (or 202,554 square feet) respectively, for a total cash consideration of RM56,837,088.00.
Please refer to the attachment for further details of the Proposed Acquisitions.
This announcement is dated 2 August 2021.
Please refer attachment below.
Announcement Info
| Company Name | FREIGHT MANAGEMENT HOLDINGS BERHAD |
| Stock Name | FREIGHT |
| Date Announced | 02 Aug 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02082021-00039 |
Attachments
- FMH_Announcement_on_Acquisition_of_Lands_(2_August_2021).pdf (Size: 182,321 bytes)